MARKET SURVEY 1/21/16

01/21/16 (most recent) Average Rate Points & Fees Margin  30-Year Fixed Rate 3.81% 0.6 N/A  15-Year Fixed Rate 3.10% 0.5 N/A  5/1-Year ARM 2.91% 0.5 2.74 01/14/16 (previous week)  Average Rate Points & Fees Margin  30-Year Fixed Rate 3.92% 0.6 N/A  15-Year Fixed Rate 3.19% 0.5 N/A  5/1-Year ARM 3.01% 0.4 2.75

“The Freddie Mac mortgage rate survey had difficulty keeping up with market events this week. The 30-year mortgage rate dropped 11 basis points to the lowest rate in three months. This drop reflected weak inflation -- 0.7 percent CPI inflation for all of 2015 -- and nonstop financial market turbulence that is driving investors to the safe haven of Treasuries. However, the survey was largely complete prior to Wednesday’s Treasury rally that drove the yield on the 10-year Treasury below 2 percent, down 29 basis points since the end of 2015.” – Sean Becketti, chief economist, Freddie Mac

The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2.

The financial and other information contained herein speaks only as of the date posted herein. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Averages are for conforming mortgages with 20% down. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage (one point equals one percent of the loan amount). Freddie Mac, and/or the provider of this information, is/are not responsible for business decisions made based on the reported results of the PMMS.

*** Weekly Market Rate Survey as published by Freddie Mac. The above survey is not a direct quote of rate by Fairway Independent Mortgage and is intended solely for the purposes of reporting the published results of Freddie Mac's Primary Mortgage Market Survey®. Fairway Independent Mortgage is an Equal Opportunity Lender. FIMC NMLS ID 2289.